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Modi cabinet gives Rs 2,790-crore for sugar mills- ISMA welcomes decision

By HindusthanSamachar | Publish Date: Mar 7 2019 9:29PM
Modi cabinet gives Rs 2,790-crore for sugar mills- ISMA welcomes decision
New Delhi, March 07 (HS ): An additional Rs 2,790 crore of funds for sugar mills has been approved in the Cabinet meeting headed by Prime Minister Narendra Modi on Thursday. The Modi government has announced this relief for the sugar mills struggling with the payment backlog to be given to hapless farmers, said finance minister Arun Jaitley, today. This decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by PM Modi. The committee has also allowed interest subsidy of Rs 1,332 crore in June 2018. Jaitley further said that interest subsidy would be provided to the banks by providing loans of Rs 12,900 crores to the mills, in the scheme of financial help for sugar mills to increase production of ethanol.In response to this, Indian Sugar Mills Association DG, Abinash Verma has also praised the governed move. Hindusthan Samachar/Radha/Pramod \
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